Market Forecast By Sub-Systems (Sensors, Electric Control Unit, Hydraulic Unit, And Others), By Vehicles (Two-wheeler, Passenger Cars, Commercial Vehicles), By Countries (Germany, Italy, France, United Kingdom And Rest of Europe) And Competitive Landscape.
Product Code: ETC001495 | Publication Date: Jan 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
The Europe Anti-Lock Braking Systems (ABS) Market report provides a comprehensive evaluation by sub-systems, vehicle, regions segments. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe Anti-Lock Braking System market is witnessing notable growth, driven by rising adoption of advanced safety features in vehicles and stringent regulatory mandates across the region. Key trends include higher integration of ABS in electric vehicles (EVs) and an increased focus on vehicle automation. However, the market faces challenges such as high costs and technological complexities associated with ABS integration.
According to 6Wresearch, the Europe Anti-Lock Braking Systems (ABS) Market size is expected to grow at a significant CAGR of 6.3% during the forecast period 2025-2031. Several factors contribute to the growth of the Europe ABS market. Advancements in automotive safety technologies, such as Electronic Stability Control (ESC) and Advanced Driver Assistance Systems (ADAS), significantly enhance vehicle safety, driving demand for ABS. The increasing consumer awareness about vehicle safety, along with rapid urbanization and a growing number of EVs, further fuels market growth. Regulatory mandates requiring ABS installation in all new vehicles also play a crucial role in market expansion.
The Europe ABS market encounters several obstacles that could impede its growth. High initial costs and technological complexities associated with the integration of ABS into varied vehicle platforms pose significant challenges for manufacturers. Moreover, economic fluctuations in European countries may affect consumer spending on automobiles, thereby impacting market demand. There is also a shortage of skilled professionals adept at handling advanced braking systems, which could slow down widespread ABS adoption.
Key players in the Europe ABS market include Bosch, Continental AG, and Valeo. Bosch is renowned for its comprehensive range of ABS solutions tailored for different vehicle types. Continental AG is a leader in innovative braking technologies, consistently enhancing vehicle stability and safety. Valeo focuses on cutting-edge automotive systems, contributing significantly to the development of efficient and reliable ABS solutions.
Government initiatives such as the European Union’s stringent automotive safety regulations and Germany’s road safety programs significantly bolster the ABS market. Policies including mandatory ABS in motorcycles across the EU and incentives for automotive safety advancements support the market. Such regulations aim to lower road accidents and fatalities, promote high vehicle safety standards, and encourage the adoption of advanced braking systems across the automotive industry.
The future of the Europe ABS market appears promising, driven by the integration of innovative braking technologies and the rise of autonomous vehicles. Growth opportunities lie in the increasing adoption of EVs, which require advanced ABS for enhanced safety. Furthermore, investments in R&D focusing on cost reduction and braking efficiency are expected to propel market growth. The trend towards vehicle automation and connectivity further underscores the necessity for sophisticated ABS systems, suggesting a dynamic future for the market.
According to Ravi Bhandari, Research Head, 6Wresearch, within the Europe Anti-Lock Braking Systems market, the Sensors sub-system is witnessing the fastest growth. The increasing adoption of advanced driver-assistance systems (ADAS), which rely on high-precision sensors for optimal functionality, is fueling this growth. These sensors are crucial for real-time data collection and transmission, improving the response capabilities of the ABS. The demand for sensors is also driven by the integration of more sophisticated functionalities in automotive safety systems, which necessitates advanced sensor technologies.
In the vehicle segmentation of the Europe Anti-Lock Braking Systems market, Passenger Cars are the fastest-growing segment. The surge in consumer demand for enhanced vehicle safety, coupled with strict regulatory requirements mandating ABS in passenger cars, is propelling this growth. With the continuous rise in urbanization and disposable incomes, there is a growing preference among consumers for sophisticated safety features in their vehicles. Additionally, the increasing production and sales of passenger cars, particularly electric and hybrid models, further boost the demand for ABS in this segment.
Among European countries, Germany stands out as the fastest-growing market for Anti-Lock Braking Systems. The country's strong automotive sector, coupled with robust investments in R&D for automotive safety technologies, drives this growth. Germany's stringent regulations on vehicle safety and emissions, as well as its status as a leading producer of high-performance vehicles equipped with advanced braking systems, significantly bolster the ABS market. Furthermore, the presence of major automotive manufacturers and suppliers in Germany facilitates innovation and the rapid adoption of cutting-edge ABS technologies.
The report offers a comprehensive study of the following market segments
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Europe Anti-lock Braking System Market Overview |
3.1 Europe Country Indicators |
3.2 Europe Anti-lock Braking System Market Revenues and Volume 2021-2031F |
3.3 Europe Anti-lock Braking System Market Revenue Share, By Subsystems, 2021 & 2031F |
3.4 Europe Anti-lock Braking System Market Revenue Share, By Vehicles, 2021 & 2031F |
3.5 Europe Anti-lock Braking System Market Revenue Share, By Regions, 2021 & 2031F |
3.6 Europe Anti-lock Braking System Market - Industry Life Cycle |
3.7 Europe Anti-lock Braking System Market - Porter’s Five Forces |
4. Europe Anti-lock Braking System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Europe Anti-lock Braking System Market Trends |
6. Europe Anti-lock Braking System Market Overview, By Subsystems |
6.1 Europe Anti-lock Braking System Market Revenues and Volume, By Sensors, 2021-2031F |
6.2 Europe Anti-lock Braking System Market Revenues and Volume, By Electronic Control Unit, 2021-2031F |
6.3 Europe Anti-lock Braking System Market Revenues and Volume, By Hydraulic Unit, 2021-2031F |
6.4 Europe Anti-lock Braking System Market Revenues and Volume, By Others, 2021-2031F |
7. Europe Anti-lock Braking System Market Overview, By Vehicles |
7.1 Europe Anti-lock Braking System Market Revenues and Volume, By Two Wheelers, 2021-2031F |
7.2 Europe Anti-lock Braking System Market Revenues and Volume, By Passenger Cars, 2021-2031F |
7.3 Europe Anti-lock Braking System Market Revenues and Volume, By Commercial Vehicles, 2021-2031F |
8. United Kingdom Anti-lock Braking System Market Overview |
8.1 United Kingdom Anti-lock Braking System Market Revenues & Volume, 2021-2031F |
8.2 United Kingdom Anti-lock Braking System Market Revenues and Volume, By Subsystems, 2021-2031F |
8.3 United Kingdom Anti-lock Braking System Market Revenues and Volume, By Vehicles, 2021-2031F |
9. Germany Anti-lock Braking System Market Overview |
9.1 Germany Anti-lock Braking System Market Revenues & Volume, 2021-2031F |
9.2 Germany Anti-lock Braking System Market Revenues and Volume, By Subsystems, 2021-2031F |
9.3 Germany Anti-lock Braking System Market Revenues and Volume, By Vehicles, 2021-2031F |
10. Italy Anti-lock Braking System Market Overview |
10.1 Italy Anti-lock Braking System Market Revenues & Volume, 2021-2031F |
10.2 Italy Anti-lock Braking System Market Revenues and Volume, By Subsystems, 2021-2031F |
10.3 Italy Anti-lock Braking System Market Revenues and Volume, By Vehicles, 2021-2031F |
11. France Anti-lock Braking System Market Overview |
11.1 France Anti-lock Braking System Market Revenues & Volume, 2021-2031F |
11.2 France Anti-lock Braking System Market Revenues and Volume, By Subsystems, 2021-2031F |
11.3 France Anti-lock Braking System Market Revenues and Volume, By Vehicles, 2021-2031F |
12. Rest of Europe Anti-lock Braking System Market Overview |
12.1 Rest of Europe Anti-lock Braking System Market Revenues & Volume, 2021-2031F |
13. Europe Anti-lock Braking System Market - Key Performance Indicators |
14. Europe Anti-lock Braking System Market - Opportunity Assessment |
14.1 Europe Anti-lock Braking System Market Opportunity Assessment, By Subsystems, 2031F |
14.2 Europe Anti-lock Braking System Market Opportunity Assessment, By Vehicles, 2031F |
15. Europe Anti-lock Braking System Market Competitive Landscape |
15.1 Europe Anti-lock Braking System Market Revenue Share, By Company |
15.1.1 Germany Anti-lock Braking System Market Revenue Share, By Companies, 2024 |
15.1.2 Italy Anti-lock Braking System Market Revenue Share, By Companies, 2024 |
15.1.3 France Anti-lock Braking System Market Revenue Share, By Companies, 2024 |
15.1.4 United Kingdom Anti-lock Braking System Market Revenue Share, By Companies, 2024 |
15.2 Europe Anti-lock Braking System Market Competitive Benchmarking, By Operating & Technical Parameters |
16. Company Profiles |
17. Key Recommendations |
18. Disclaimer |